Quote:
Originally Posted by merrymini
This market seems to be hot and prices are probably elevated. I was a landlord for decades, albeit in a different environment. Do not believe the formulas people give you. Rentals are work and all kind of expenses. Ultimately, the biggest gain was appreciation of the property after owning it long term. Glad to be free of it all and would not do so again EVER.
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Had a couple of friends here in TV that were happy when they finally got rid of their villas. They were losing money every year plus they did their own maintenance...
